Hey everyone. Let's talk about something I really screwed up early on: mixing up investing and trading. They look similar on the surface, but the game is completely different.
Imagine you're building a house. Investing is like being the owner-builder. You buy the land (a solid crypto project), hire good architects and contractors, and let them build over months or years. You believe in the final structure, you’re patient, and you check in periodically. You aim for long-term value.
Trading, though? That's like trying to be a carpenter, electrician, plumber, AND painter, all at once, on a dozen different houses, trying to finish each one in a day or two. You're constantly active, chasing every small job, hoping to flip it for a quick buck. I thought I was trading when I was just gambling...
Imagine you're building a house. Investing is like being the owner-builder. You buy the land (a solid crypto project), hire good architects and contractors, and let them build over months or years. You believe in the final structure, you’re patient, and you check in periodically. You aim for long-term value.
Trading, though? That's like trying to be a carpenter, electrician, plumber, AND painter, all at once, on a dozen different houses, trying to finish each one in a day or two. You're constantly active, chasing every small job, hoping to flip it for a quick buck. I thought I was trading when I was just gambling...